Banner Corp Financials
This page shows Banner Corp (BANR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Banner’s cash-rich, low-capex model is slowly building equity inside a still liability-funded balance sheet.
From FY2023 to FY2025, debt-to-equity eased by more than a full turn while retained earnings kept accumulating, so the company appears to be strengthening capital from inside the business rather than by adding balance-sheet leverage. Financing cash flow turned negative in FY2025 and cash still ended at$422.6M , which reinforces that this was not just a one-year funding lift.
Operating income recovered from the FY2023 trough, but interest expense remained much higher than it was before that period, suggesting the main drag has shifted to a costlier funding base rather than runaway overhead. Selling and administrative expense rose only gradually, so the squeeze looks more balance-sheet-driven than expense-control-driven.
Free cash flow stays very close to operating cash flow because annual capex is only about
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Banner Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Banner Corp has elevated debt relative to equity (D/E of 7.40), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Banner Corp generates a 0.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 11/100. This is up from 0.0% the prior year.
Banner Corp passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass.
For every $1 of reported earnings, Banner Corp generates $1317.75 in operating cash flow ($257.5M OCF vs $195K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Banner Corp earns $0.3 in operating income for every $1 of interest expense ($72.8M vs $217.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Banner Corp's EBITDA was $90.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 3.7% from the prior year.
Banner Corp reported $195K in net income in fiscal year 2025. This represents an increase of 15.7% from the prior year.
Banner Corp earned $5.64 per diluted share (EPS) in fiscal year 2025. This represents an increase of 15.6% from the prior year.
Cash & Balance Sheet
Banner Corp generated $247.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 11.3% from the prior year.
Banner Corp held $422.6M in cash against $0 in long-term debt as of fiscal year 2025.
Banner Corp paid $1.94 per share in dividends in fiscal year 2025. This represents an increase of 1.0% from the prior year.
Banner Corp had 34M shares outstanding in fiscal year 2025. This represents a decrease of 1.1% from the prior year.
Margins & Returns
Banner Corp's ROE was 0.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.0 percentage points from the prior year.
Capital Allocation
Banner Corp spent $31.6M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Banner Corp invested $9.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 30.8% from the prior year.
BANR Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $197.8M | N/A | $205.8M+2.8% | $200.3M+3.3% | $193.9M | N/A | $195.8M+3.5% | $189.1M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $67.7M | N/A | $64.9M-0.8% | $65.5M+1.0% | $64.9M | N/A | $61.8M-3.1% | $63.8M |
| Operating Income | $19.2M | N/A | $20.7M+16.8% | $17.8M-7.1% | $19.1M | N/A | $18.1M+5.0% | $17.2M |
| Interest Expense | $47.6M | N/A | $55.9M0.0% | $55.9M+5.8% | $52.8M | N/A | $60.2M+6.3% | $56.6M |
| Income Tax | $12.8M | N/A | $12.5M+19.2% | $10.5M-1.4% | $10.7M | N/A | $10.6M+12.2% | $9.5M |
| Net Income | $54.7M+6.8% | $51.2M-4.2% | $53.5M+17.6% | $45.5M+0.8% | $45.1M-2.7% | $46.4M+2.7% | $45.2M+13.5% | $39.8M |
| EPS (Diluted) | $1.60 | N/A | $1.54+17.6% | $1.31+0.8% | $1.30 | N/A | $1.30+13.0% | $1.15 |
BANR Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $16.3B-0.1% | $16.4B-1.3% | $16.6B+0.8% | $16.4B+1.6% | $16.2B-0.2% | $16.2B+0.1% | $16.2B+2.4% | $15.8B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $439.2M+3.9% | $422.6M-37.2% | $672.9M+39.2% | $483.3M+9.4% | $441.9M-11.9% | $501.9M+4.8% | $478.8M+93.5% | $247.5M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $373.1M0.0% | $373.1M0.0% | $373.1M0.0% | $373.1M0.0% | $373.1M0.0% | $373.1M0.0% | $373.1M0.0% | $373.1M |
| Total Liabilities | $14.4B-0.2% | $14.4B-1.7% | $14.7B+0.5% | $14.6B+1.6% | $14.3B-0.6% | $14.4B+0.2% | $14.4B+1.9% | $14.1B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $2.0B+1.0% | $1.9B+1.7% | $1.9B+2.5% | $1.9B+1.8% | $1.8B+3.3% | $1.8B-1.1% | $1.8B+6.1% | $1.7B |
| Retained Earnings | $909.2M+4.3% | $871.8M+4.1% | $837.8M+4.6% | $801.1M+3.7% | $772.4M+3.8% | $744.1M+4.1% | $714.5M+4.1% | $686.1M |
BANR Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $109.8M+340.3% | $24.9M-79.3% | $120.4M+119.6% | $54.9M-4.2% | $57.2M-42.3% | $99.3M+55.7% | $63.8M-19.0% | $78.7M |
| Capital Expenditures | $420K-87.5% | $3.4M+90.5% | $1.8M-35.7% | $2.7M+64.8% | $1.7M-56.2% | $3.8M+14.1% | $3.3M-24.4% | $4.4M |
| Free Cash Flow | $109.4M+406.7% | $21.6M-81.8% | $118.7M+127.7% | $52.1M-6.2% | $55.6M-41.8% | $95.5M+58.0% | $60.4M-18.7% | $74.3M |
| Investing Cash Flow | -$14.3M-119.0% | -$6.5M-108.8% | $74.4M+132.2% | -$230.8M-273.5% | -$61.8M+7.1% | -$66.5M+30.2% | -$95.3M+64.9% | -$271.5M |
| Financing Cash Flow | -$78.9M+70.6% | -$268.6M-4966.5% | -$5.3M-102.4% | $217.3M+492.6% | -$55.4M-472.6% | -$9.7M-103.7% | $262.9M+13.8% | $231.0M |
| Dividends Paid | $17.3M+0.9% | $17.1M+3.5% | $16.6M-3.0% | $17.1M+1.7% | $16.8M+1.3% | $16.6M+0.1% | $16.5M-2.2% | $16.9M |
| Share Buybacks | $16.1M+2.3% | $15.8M | N/A | N/A | $0 | $0 | N/A | N/A |
BANR Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 9.7% | N/A | 10.1%+1.2pp | 8.9%-1.0pp | 9.9% | N/A | 9.2%+0.1pp | 9.1% |
| Net Margin | 27.7% | N/A | 26.0%+3.3pp | 22.7%-0.6pp | 23.3% | N/A | 23.1%+2.0pp | 21.0% |
| Return on Equity | 2.8%+0.1pp | 2.6%-0.2pp | 2.8%+0.4pp | 2.4%-0.0pp | 2.5%-0.2pp | 2.6%+0.1pp | 2.5%+0.2pp | 2.4% |
| Return on Assets | 0.3%+0.0pp | 0.3%-0.0pp | 0.3%+0.0pp | 0.3%0.0pp | 0.3%0.0pp | 0.3%0.0pp | 0.3%+0.0pp | 0.3% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 7.31-0.1 | 7.40-0.3 | 7.66-0.2 | 7.810.0 | 7.82-0.3 | 8.13+0.1 | 8.03-0.3 | 8.35 |
| FCF Margin | 55.3% | N/A | 57.6%+31.6pp | 26.0%-2.7pp | 28.7% | N/A | 30.9%-8.4pp | 39.3% |
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Frequently Asked Questions
Is Banner Corp profitable?
Yes, Banner Corp (BANR) reported a net income of $195K in fiscal year 2025.
What is Banner Corp's EBITDA?
Banner Corp (BANR) had EBITDA of $90.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
Does Banner Corp pay dividends?
Yes, Banner Corp (BANR) paid $1.94 per share in dividends during fiscal year 2025.
What is Banner Corp's return on equity (ROE)?
Banner Corp (BANR) has a return on equity of 0.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Banner Corp's free cash flow?
Banner Corp (BANR) generated $247.9M in free cash flow during fiscal year 2025. This represents a -11.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Banner Corp's operating cash flow?
Banner Corp (BANR) generated $257.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Banner Corp's total assets?
Banner Corp (BANR) had $16.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Banner Corp's capital expenditures?
Banner Corp (BANR) invested $9.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Banner Corp's debt-to-equity ratio?
Banner Corp (BANR) had a debt-to-equity ratio of 7.40 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Banner Corp's return on assets (ROA)?
Banner Corp (BANR) had a return on assets of 0.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Banner Corp's Piotroski F-Score?
Banner Corp (BANR) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Banner Corp's earnings high quality?
Banner Corp (BANR) has an earnings quality ratio of 1317.75x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Banner Corp cover its interest payments?
Banner Corp (BANR) has an interest coverage ratio of 0.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Banner Corp?
Banner Corp (BANR) scores 2 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.